Home Crypto No, Dogecoin Did NOT Crash

No, Dogecoin Did NOT Crash

Another day of rubbish headlines in the Media. No I am not a buyer here, I am waiting for the rubbish news to play out among the great unwashed, then I will be a Doge buyer.

Doge is having an impressive rally up 235% in the last 7 days, 14-day gain stood at 376%, while its 1-year gain was an astounding 15,470%. The support just under 30c was massive and is a very good sign for the future value of Doge.

Klive Crypto allows its users to trade cryptocurrencies 24 hours a day, 7 days a week. You can spend as little as $1 per trade and your funds settle instantly. Klive Crypto also offers custom indicators for crypto traders. Besides Dogecoin (Crypto: DOGE), users can also trade Bitcoin (Crypto: BTC), Bitcoin Cash (Crypto: BCH), Ethereum (Crypto: ETH) and Litecoin (Crypto: LTC) and a host of other currencies.

Mark Cuban owned Dallas Mavericks began accepting Dogecoin as payment for tickets and merchandise in March. This week, Cuban tweeted that the team’s sales in Dogecoin had increased 550% in the last month, totaling more than 122,000 Doge in merchandise. 

The Billionaire “Shark Tank” star went on to say that he will “never sell one single Doge ever.” Some say his statement one-upped Elon Musk’s investment in the cryptocurrency. Musk has called himself the “CEO of Dogecoin.”

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.

Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so that you can begin interacting in Dogecoin communities.

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.